Here are stocks that are in news today:
Nifty additions with effect from April 1-Aurobindo Pharma, Bharti Infratel, Eicher Motors and Tata Motors DVR-Nifty deletions: Cairn India, Vedanta and PNB
NTPC-Government to sell 5 percent stake in NTPC via offer for sale (OFS) opens today; floor price at Rs 122/share-Will raise approx Rs 5,000 crore Via NTPC OFS
Jaypee Group-Banks finalizing plans to take over group’s property Nirman Sadan in Nioda: ToI-Concerned property valued at Rs 3,000 crore-ICICI Bank has taken over group’s 300 acre land worth Rs 1,500 crore on Yamuna Expressway
Punjab National Bank (PNB)-Wilful defaults amount to 1/3rd of bank’s NPAs: FE-10 defaulters owe over Rs 3,500 crore of Rs 10,869 crore-Winsome Diamonds & Jewellery among top in the list
ICRA on Bank of India, IOB, Central Bank, UCO Bank-ICRA downgrades ratings of various borrowing programs of Bank of India-Cuts outlook on the long term ratings of IOB from stable to negative-Reaffirmed ratings for debt programmes of Central Bank of India; outlook negative from stable-Reaffirmed ratings for debt programmes of UCO Bank; outlook negative from stable
Tata Steel-Company looks to recast local business to reduce costs: ET-Company looks to increase productivity of assets, control employee costs
Mahindra CIE Auto Q3 (YoY)-Topline up 4.8 percent at Rs 396.5 crore versus Rs 378.4 crore-PAT down 61 percent to Rs 5 crore versus Rs 13.15 crore on lower other income
Tobacco, alcohol companies-Union Health Minister JP Nadda has asked finance ministry to consider a new ‘sin tax’ or ‘health cess’ on demerit goods: ToI-These demerit goods would involve tobacco and alcohol?Tobacco companies-Certain cigarette retailers have hiked prices anticipating excise duty hikes: ToI-Supply from distributors have reduced thereby forcing retailers to buy from open market at higher prices
Blue Star-Company to invest Rs 215 crore in Andhra Pradesh, J&K-To set up new facilities in these states
Other stocks and sectors that are in news today:-Alkem Labs receives US FDA approval for Rizatriptan Benzoate OD tablets (used to treat pain & other migraine symptoms)-Mittals, SingTel to buy 6 percent more stake in Airtel: BS-BHEL bags USD 1.6 billion contract to build coal fired power plant in Bangladesh-Nissan slaps notice to end Ashok Leyland JV: ToI-S&P placed BBB- & CreditWatch with negative implications on bonds issued by ICICI Bank's Bahrain branch-ICRA cuts JSW Steel’s ratings to ‘AA-‘ from ‘AA’-Wipro, Cognizant in race for Uber’s mapping business: ToI-Emami issues NCDs worth Rs 300 crore to DBS Bank-Wipro partners with Verveba for advanced mobile radio network optimisation solutions-Suprajit Engineering to raise up to Rs 150 crore via QIP at Rs 132.50/share-Syngene lines up USD 200 million for capex
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